Uniswap vs Synthetix Network vs DODO Exchange
What problem does this service solve?
Uniswap allows users to trade Ethereum tokens without a middleman. | Synthetix allows users to trade collateral based assets on the Ethereum blockchain. | DODO aim to provide greater on-chain liquidity and reduce impermanent loss compared to AMM exchange protocols. |
Token Stats
Company Description
Uniswap is a decentralized exchange that facilitates automated transactions between Ethereum-based tokens. It is designed to be an open-source platform with an automated market maker (AMM) model. Instead of using an order book, token trades are facilitated directly between users through a liquidity pool and prices orders with an algorithm that relies on the equation x*y=k to create a price spectrum for token pairs available in the liquidity pools provided by other users. Uniswap tokens are used as a governance token and as an incentive for users to fund the liquidity pools. Since the platform is decentralized, all the trading fees collected are distributed among the liquidity providers; according to the share that they provide in the liquidity pools. | Synthetix, previously known as Havven, is developing a decentralized exchange that will allow users to trade a variety of collateralized stablecoins and commodities. The Synthetix network is built on Ethereum, and is powered by the SNX token, which works together with the Synth token to provide traders with opportunities to buy and sell assets on the Ethereum blockchain, through a distributed collateral pool. | The DODO exchange allows users to trade Crypto through a liquidity protocol that is powered by their Proactive Market Maker (PMM) algorithm. It is an oracle-aided algorithm with an advanced pricing formula that provides contract-fillable liquidity, designed to maximize efficiency and reduced price slippage compared to decentralized exchanges that use an automated market maker (AMM) model. Another relative advantage of the DODO exchange is that it give liquidity providers greater flexibility. |